Problem 2 - TRD Investments (20 Points) Scotsland Company year. Prepare the required general journal entries for these transactions. had the following transactions relating to investments in trading securities during th Scotsland purchased 600 shares of Lobe Company stock at $120 per share pius a $750 brokerage fee. May 4 July 1 Scotsland received a $2.50 per share cash dividend on the Lobe Company stock Sept. 15 Sold 300 shares of Lobe Company stock for $125 per share, less a $450 brokerage fee. The fair value of the Lobe Company stock (the only investment that Scotsland owns) is $124 per share. The balance of the Fair value Adjustment-Trading account had a zero balance prior to adjustment. Dec. 31